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South East

13:21, 30 JUN 2025

VodafoneThree handed £343m by Virgin Media O2 after mega merger gets green light

Virgin Media O2 has bought a tranche of mobile spectrum from Vodafone ��Ƶ for £343m in a move that will help shore up its network amid widening concerns over connectivity

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M&S launches sweet strawberry sandwich but it could face the same fate as Jaffa Cakes

The strawberry and cream sandwich has been all over social media as shoppers race to taste the sweet sandwiches - but it has also raised the question of VAT

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FTSE 100 defence giant Babcock hails 'new era' as profits surge by 50%

The FTSE 100 company - which plays a significant role in supporting the ��Ƶ's nuclear submarine program - recorded an 11 per cent increase in revenue to £4.8bn

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Wizz Air chief executive's salary hits £3.2m despite facing profit challenges

Wizz Air chief executive Jozsef Varadi took home a pay packet of €3.8m (£3.2m) for the airline's year to 31 March, 2025, according to its annual report

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Cafe Rouge and Bella Italia owner slashes losses after major job cuts

The Big Table cut its headcount from 4,236 to 3,531 in the 12 months to 27 October, 2024, new accounts filed with Companies House show. Over the same period, the group's pre-tax loss was slashed from £13.8m to £4.4m.

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Lego posts record sales in ��Ƶ for seventh year in a row as profits spike

The Berkshire-headquartered division of the Danish giant has reported a pre-tax profit of £42.9m for its latest financial year.

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Cavendish shares jump to eye year high after rejecting deals unit takeover

The financial services firm said there had been no further discussions on the matter

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Saga's share price surges after announcing banking partnership with Natwest

Saga said it was in the "final stages" of talks with Natwest, with whom it already has a partnership with, after agreeing the "heads of terms" of the tie-up

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Zopa challenges high street banks with new account offering £256 cashback and interest

The digital banking app has launched "Biscuit," which will allow customers to earn £256 in cashback and interest each year

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Theatre which hosts Harry Potter and the Cursed Child posts record profits

Nimax Theatres has posted a pre-tax profit of £10m for the 12 months to 29 September, 2024, new accounts filed with Companies House have revealed.

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Selfridges to sell rare vintage F1 clothing and watches in new in-store pop-up

Selfridges' Corner Shop will play host to F1 75 Years in Motion - a pop-up shop celebrating 75 years of Formula 1 - with a range of rare, vintage clothing and watches

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British Business Bank to inject £6.6 billion into small businesses and innovation

The Government development bank has revealed the investment plans as part of Sir Keir Starmer's 10-year industrial strategy announcement

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BP in talks to appoint new chairman as energy giant faces shareholder pressure

Sam Laidlaw, the ex-boss of British Gas owner Centrica, is in talks to be the next chairman of BP, as the energy giant faces pressure from shareholders

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Revolut boss could net multibillion-dollar payout at $150bn valuation

Nik Storonsky, who founded Revolut in 2015, has an incentive deal which would increase his stake in the London-based fintech by several percentage points if the valuation more than triples its current level.

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Spectris agrees to £3.8bn takeover by Advent but KKR mulls rival bid

The FTSE 250 engineering group has agreed a 3.8 billion pound takeover by US private equity Advent, but KKR has confirmed it is in the "advanced stages of due diligence" and is considering a rival bid

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Hays slashes profit forecast amid tough ��Ƶ recruitment market, shares plunge 13%

The FTSE 250-listed group warned trading conditions were 'challenging'

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Premier Inn owner Whitbread sees ��Ƶ sales fall amid shake-up of pub business

The Premier Inn-owner told markets this morning that overall sales in the ��Ƶ fell five per cent in the first quarter of the financial year, driven by a 16 per cent drop in food and drink sales

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Toyota sets aside millions in anticipation of ��Ƶ Supreme Court decision on motor finance case

The Financial Conduct Authority took the case to the Supreme Court last year after the Court of Appeal ruled in 2024 that the commission charged on motor finance agreements was unlawful

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Legal & General to expand US and private market operations amid global asset management shift

The FTSE 100 insurer has set out its growth plans for the asset management arm, which has £1.1 trillion in assets under management

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HSBC could force 35,000 ��Ƶ staff to return to office three days a week

The FTSE 100 listed lender is exploring a global mandate that would require employees to be back in the office at least three days a week, according to reports

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Flora and I Can't Believe It's Not Butter maker sees growth ahead

KKR said it would make all of its Flora Buttery products suitable for vegans in 2023

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Wowcher profit plunges after CMA refund over pressure selling tactics

The e-commerce giant agreed to change its online selling practices and hand 870,000 customers a share of more than £4m in refunds after the Competition and Markets Authority (CMA) launched an investigation

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Barclays drafts in McKinsey to find savings in investment banking arm

The FTSE 100 lender is looking to streamline its investment bank division, with consultants looking at the front office, finance, risk and technology divisions

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Smarter Web Company skyrockets into FTSE 250 with £720m cap after embracing Bitcoin

The Aquis-listed firm now has a market cap of £720m, after having more than tripled in the past week

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